I’m a big fan of New Zealand because the nation is a great example of how sweeping free-market reforms lead to very good results.
The Kiwis got rid of all agriculture subsidies and farmers benefited.- The Kiwis put the clamps on government spending, both in the 1990s and 2010s.
- The Kiwis used private property rights to rescue ocean fisheries.
Perhaps most impressive, New Zealand has very high levels of societal capital, ranking #1 in the new Global Index of Economic Mentality.
And the country also gets very high scores from Economic Freedom of the World and the Index of Economic Freedom.
But that doesn’t mean policy is perfect. The current Primer Minister already has demonstrated she has a very limited understanding of economics, and now she’s proving her lack of knowledge by imposing a version of “comparable worth.”
In a column for the New York Times,
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